With COVID-19 causing a drastic decline in revenues for many businesses, lenders have made a number of accommodations for non-performing loans, particularly through short-term deferrals. However, as the pandemic rages on, Bill Lawrence explains why lenders need to be proactive to avoid risk.
As the COVID-19 pandemic ramps back up through the end of 2020 and the beginning of 2021, a tentative ‘new normal’ has set in for borrowers and lenders alike. Juanita Schwartzkopf explains how asset-based lenders should adjust their evaluation processes for working capital in this environment.
The use of patents as loan collateral by early stage companies is extremely rare. But these companies can unlock the collateral value of their patents and secure cost-effective financing by using insurance to transfer business viability risks.
The Callodine Group became one of the newest entrants to the asset-based lending and private credit sector when it acquired Gordon Brothers Finance Company and rebranded it as Callodine Commercial Finance. With an experienced team in place, the new entity is looking to attack a market rife with opportunities.
Gerber Finance has been exceptionally busy in 2020. In addition to dealing with the COVID-19 pandemic, the company installed Jennifer Palmer as its new CEO and launched two divisions to better serve existing and prospective clients. Through it all, the company has maintained its dedication to service while keeping an eye on the future.
Charlie Perer outlines an emerging trend of bank-owned asset-based lending divisions conducting business in a fashion similar to non-bank asset-based lenders while gaining an advantage due to the ability to price like a bank.
To get a handle on how the asset-based lending industry has traversed a tumultuous 2020 and where it is headed in 2021, ABF Journal spoke with executives from Siena Lending Group, Context Business Lending, PNC and BMO Harris in an exclusive Q&A.
Workout activity has reached a fever pitch in the wake of the COVID-19 pandemic. Jeffrey A. Wurst provides important tips, recommendations and considerations for secured lenders looking to execute successful workouts with a growing population of distressed borrowers in the current marketplace.
The energy industry was in rough shape when 2020 started and the COVID-19 pandemic has only created more difficult terrain. In a Q&A with ABF Journal, Craig Jones, senior director of the energy practice at Alvarez & Marsal, shared his perspective from more than 20 years in the energy industry on the obstacles energy companies are currently facing and how turnaround professionals can address them.
The transition to a more e-commerce-focused economy has been underway for more than two decades. At this point, it is no longer a trend but a permanent (and dominant) piece of the consumer spending landscape. Such a reliance on e-commerce will continue to call for a reimagining of how asset-based lenders provide capital to businesses that sell their goods virtually. In a Q&A for ABF Journal, Derrick Wong of Pacific Premier Bank spoke with Jessica Bates of Dwight Funding about the ins and outs of asset-based lending to e-commerce brands.